- Date
-
07 Sep 2022
- Chamber
-
House of Representatives
- Status
-
Act
-
Portfolio
-
Finance
- Summary
-
Amends: the
Emergency Response Fund Act 2019
to: rename the Emergency Response Fund as the Disaster Ready Fund; change the title of the Act to the Disaster Ready Fund Act 2019
; enable up to $200 million per financial year to be debited from the Disaster Ready Fund for natural disaster resilience and risk reduction; enable the minister to adjust the maximum disbursement amount by legislative instrument; transfer responsibility for fund expenditure to the National Emergency Management Agency; amend certain administrative arrangements in relation to transfers from the fund; and six Acts to make consequential amendments. Also enables the responsible ministers to make specified consequential amendments to the Emergency Response Fund Investment Mandate Direction 2020
by legislative instrument.